3. Factors that influence international trade world trade has grown substantiall

Question

3. Factors that influence international trade world trade has grown substantially in the last 60 years. For example, while world output grew at an annual rate of 3.8% per year between 1950 and 2003, world exports grew at 10.8% per year over the same time period. Which of the following help to explain the increase in international trade and finance since the 1950s? Check all that apply. Better high-speed rail lines services such as web conferencing and teleconferencing that facilitate international meetings An increasing number of import quotas International trade agreements such as the North American Free Trade Agreement (NAFTA)

Explanation / Answer

Option a,b and d help to increase in international trade and finance since the 1950's

a)better high speed rail lines

b)services such as web conferencing and teleconferencing that facilitate international meetings

d) International trade agreements such as the North American Free Trade Agreement

Option c does not apply as an increasing number of import quotas restrict the amounts of goods that can be imported to a country.

So its does not help to increase in international trade and finance since the 1950's

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